Arthur J. Bauernfeind Master of Business Administration
MBA Curriculum and Foundation Courses
Our MBA is a non-Thesis degree, although you will write lots of long scholarly papers and projects in several graduate classes. A total of 30 semester hours of graduate-level courses are required for you to complete our AACSB accredited MBA Program. These 30 hours include 21 hours of specified "graduate core" (required or compulsory) courses and 9 hours of electives. The regular MBA Program on campus in Murray has concentrations, such as: the MBA-Accounting Option or the MBA-E-Business Option. Our 100% Online MBA is a general MBA with no concentrations. The MBA curriculum is divided into two phases: foundation courses (prerequisites) and graduate courses. Foundation courses are undergraduate courses across a broad spectrum of business disciplines.
- MBA Foundation Courses: A minimum grade of “C” is required for all foundation courses. Our prerequisite courses are the following:
Note: Foundation Courses in the left column above (all 200-level ones) may be taken at/from a 2-year institution/Community College, while all foundation courses at the 300-level above must be taken at a regular four-year University for them to be considered equivalents.
- ACC 200: Financial Accounting
- ACC 201: Managerial Accounting
- ECO 230: Macroeconomics
- ECO 231: Microeconomics
- MAT 220: Business Calculus
- CIS 343: Statistics
- FIN 330: Principles of Finance
- MGT 350: Principles of Management
- MKT 360: Principles of Marketing
- Question: Can the MBA Foundation courses be waived due to experience, among other considerations? No, foundation courses cannot be waived for any reason. We do offer “Proficiency Exams,” however, for only two of the MBA foundation courses—MGT 350 and MKT 360. For details on proficiency exams for MGT 350 and MKT 360, contact our MBA Office using the contact link on this MBA website. No, we do not encourage you to attempt proficiency exams for the other foundation courses because of one important benefit to the student, and that is: the graduate level equivalents of these courses are not easy. It is therefore in the student’s best interest to take the actual foundation courses first.
- Question: Do you offer the above foundation courses as online courses? Yes, except for MAT 220 (Calculus). We offer all the other foundation courses 100% online as follows:
- ACC 200 and ACC 201 are offered every Spring Semester only as ACC 490: Survey of Accounting.
- ECO 230 and ECO 231 are offered every Spring Semester only as ECO 490: Survey of Economics.
- MGT 350 is offered online every Semester
- MGT 360 is offered online every Semester
- MGT 350 and MKT 360 are also offered as one course (MKT 490: Survey of Marketing) in Spring.
- FIN 330 is offered online every Semester
- CIS 343 is offered online at least once a year.
- Question: Can a student take equivalents of the above foundation courses and transfer them to Murray State University? Absolutely, yes, as long as they are all 3-credit hour courses.
- MBA Core/Required Courses:
The 7 MBA Core Courses are briefly described below. In addition, every student needs 9 hours (3 courses) of graduate Electives, for a total of 10 graduate courses.
ACC 604: Accounting for Decision Making: An in-depth study of management accounting techniques and methods needed for effective management of business enterprises. The tradeoffs management makes in acquiring and using accounting information for decision-making and control are discussed. Specific topics include cost behavior and estimation, short-term decision making, budgeting, performance evaluation, cost allocation, and product costing. Prerequisites: ACC 200, ACC 201 or ACC 490.
CIS 653: Management Science for Managerial Decision Making: A study of the operations research models and methods which are most frequently used in business and industrial organizations. Topics include linear, goal and integer programming and sensitivity analysis, network models for project management, inventory management models, computer simulation, waiting-line models, decision analysis, and time series analysis and forecasting. Prerequisites: CIS 343.
ECO 625: Managerial Economics: An application of economic theory to business problems. Prerequisites: ECO 230, ECO 231 (or ECO 490) and MAT 220.
FIN 602: Corporate Finance: Practical application of the finance function in a company with specific emphasis on maximizing the value of the firm for its shareholders. Financial decision-making integrated with the theory of capital markets. Particular attention is given to the areas of investment, capital structure, short-term financing, and working capital management. Prerequisite: FIN 330.
MGT 651: Seminar in Organizational Behavior: Studies management as a profession, with special emphasis upon behavioral and organizational issues. Examines individual, group and organizational processes in light of the environment within which the organization functions. Special attention is given to managing in non-U.S. settings and the ethical problems faced in the managerial job. Prerequisites: MGT 350 or MKT 490.
MKT 667: Marketing Planning and Application: This course is a study of marketing as the firm’s strategic link with its customers in a global competitive environment. Major topics include (1) the development of marketing strategy, (2) the formulation of marketing plans, (3) the selection and implementation of marketing tactics, and (4) ethical considerations in marketing. Prerequisites: MKT 360 or MKT 490.
MGT 656: Seminar in Strategic Management: This is the capstone course in which the students must integrate all of the functional areas of business administration and analyze their impact on management policy and strategy decisions by use of the case study method. Individual, small group, and class approaches will be used to analyze the various cases selected for study. Even though each student will bring knowledge of his or her area of specialization into the classroom, it is expected that the student will perform as a generalist rather than a specialist and as a practicing manager rather than an impartial researcher in analyzing case situations. Prerequisite: 18 hours of 600-level MBA Courses are needed before MGT 656 can be attempted.